4. Uniform account opening Form
Account opening form:
Bangladesh Bank prescribed Unique A/C opening form (Ref: Policy 2324,
30th June, 2008)
Banks can incorporate more information in addition to Bangladesh Bank
prescribed Uniform AOF has been made mandatory from January 2009
Forms to be filled up for opening Account:
Account opening form
Personal Information form
Transaction Profile Form
Know Your Customer profile form
Signing Authority and Acceptance of Terms & Condition
No account will be opened in the system without providing mandatory &
conditional mandatory information. Moreover incomplete AOF will be send back
to business unit / source
5. MANDATORY FIELDS OF ACCOUNT OPENING
□ Mandatory Fields:
Introduction Part:
1. Account Open Date
2.Branch Name
3.Account Name
4.Currency
5.Type of Account
6.Mode of Operation
Personal Information
1. Father’s Name
2.Mother’s Name
3.Gender
4.Date of Birth
5.Place of Birth
6.Religion
7.Residence Status
8.Nationality
9.Marital Status
10.Present Address
11. Permanent Address
12.Work Address
13.Communication Address
14.Contact Details
Details of Profession
1.Profession
1.Name of Introducer
2.Account Number
3.Relationship
Introducer’s Information
1.Signature & Date
SMS/e-Statement Facility
1.e-statement Facility
Nominee Details
1.Name of Nominee
2.Date of Birth
3.Minor
4.Relationship
5.Permanent Address
Transaction Profile
1.Purpose of Opening Account
2.Source of Income
3.Nature & Volume of Transaction
4.Initial Deposit
For Bank Use Only
1.Cost Center
2.Customer Sector Code
3.Deposit Type Code
4.PSO
5.MPSO
6. MANDATORY FIELDS OF ACCOUNT OPENING
Conditional Mandatory Fields
1.Name of Spouse
(if married)
Personal Information
2. If provided as identity proof
National ID No.
Passport No.
Passport Expiry Date
Driving License No
3. If available
TIN
Other address
Details of Profession
1.If Working / Student
Organization’s name
Position/Designation
Nature of Business
Monthly Income
e-Statement Facility
1.E-mail address
Minor Details
1.Minor Name (If nominee is Minor)
2.Name of Guardian of Minor
3.Relationship
9. Identification of the risk involved with the Process;
KYC
KYC is an acronym for “Know your Customer”, a term used for customer identification
process. It involves making reasonable efforts to determine true identity and beneficial
ownership of accounts, source of funds, the nature of customer’s business,
reasonableness of operations in the account in relation to the customer’s business,
etc which in turn helps the banks to manage their risks prudently. The objective of
the KYC guidelines is to prevent banks being used, intentionally or unintentionally
by criminal elements for money laundering.
It is the due diligence and bank regulation that financial institutions and other
regulated companies must perform to
identify their clients and
ascertain relevant information pertinent to doing financial business
with them
It indicates:
Customer’s Identification
Customer’s Complete Full Address
Source of Income/Profession/Business Details
Purpose of Account
10. KYC: RISK CATEGORIZATION
Risk categorization – Based on Activity/KYC Profile:
When opening accounts, the concerned staff/Officer must assess the
risk that the accounts could be used for “money laundering”, and
must classify the accounts as either High Risk or Low Risk. The risk
assessment may be made using the KYC Profile Form given in
which following seven risk categories are scored using a scale of 1 to
5 where scale 4-5 denotes High Risk, 3- Medium Risk and 1-2 Low
Risk:
Occupation or nature of customer’s business
Net worth / sales turnover of the customer
Mode of opening the account
Expected value of monthly transactions
Expected number of monthly transactions
Expected value of monthly cash transactions
Expected number of monthly cash transactions
11. HIGH RISK INDUSTRIES
□ High Risk Industries (AML Perspective)
Gold /Jewel / Gem / Precious metal dealers
Gambling/Casinos
Exchange Houses
Courier Companies
Machine Parts /Art & Antique dealers
Reconditioned Car dealerships
Hotels & Restaurants
Manpower/Travel agencies
Real Estate agents
Export-Import company’s (trading houses)
Brokers / Dealers
Any cash incentive business
12. Check point of Transaction PROFILE
1. Legitimate &
Understable Purpose of
Account Opening
2. Legitimate Source of
Fund which consistent
with Profession
3. Customers declared TP is
consistent with his transaction.
4. Customers Profession
commensurate with his declared TP or
transaction.
13. IDENTIFICITION OF CUSTOMER & DUCUMENTS
Checking points:
Name of the account as per Documents or not.
Confirming de-dupe CIF & ensure checking of De-Dupe
Present & Permanent Address as per documents ( Proof of Address, NID, TIN Certificate etc) or
not
Customer’s name, Date of Birth, Father, Mother Name as per photo Id, or not
Valid NID/Passport / Driver’s License / / Campus ID photocopy.
Transaction Profile properly fill up or not
BM /CSM /RM sign & seal required along with customer sign if additional signature Page tagged.
Proper authentication done by business in the related page( self & business)
Self attestation form provide or not
Introducer information & relationship are taken as appropriate way. (Introducer’s account must be
at least 6 months old & guest photo is duly attested by the introducer
Telephone / contact numbers are correct.
All details of the account opening form have been completed and necessary documents are
obtained.
14. COMMON RETURN REASON
A/c holder information mismatch with photo ID
A/c holder information mismatch with existing CIF
AOF & KYC not approved/seal required
Mode of operation is not clear
KYC & Account opening forms profile not properly filled up
Transaction profile not properly filled up
Introducer signature not verified properly
Valid photo ID required.
Guest Self attestation required on supported documents
